Ladywriter 7,783 Report post Posted March 6, 2008 w00t updated 10:39 a.m. ET, Wed., March. 5, 2008 BILLINGS, Mont. - The federal government is suspending a major loan program for coal-fired power plants in rural communities, saying the uncertainties of climate change and rising construction costs make the loans too risky. After issuing $1.3 billion in loans for new plant construction since 2001, none will be issued this year and likely none in 2009, James Newby, assistant administrator for the Rural Utilities Service, a branch of the Department of Agriculture, said Tuesday. The program's suspension marks a dramatic reversal of a once-reliable source of new coal plant financing. It follows the announcement last month that several major banks will require plant developers to factor in climate change when seeking private funding. yesssssssssssssssssss! Look at the flowers Share this post Link to post Share on other sites
Myk JL 1,731 Report post Posted March 6, 2008 They shouldn't have been funded in the first place. Such a waste of Taxpayer money. Those who fight deplorables should see to it that they themselves do not become deplorables. Share this post Link to post Share on other sites
